CNB Financial Corporation - Preferred Stock

Introduction

This page provides a comprehensive analysis of the known insider trading history of Robert C Jr Selig. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Robert C Jr Selig has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CCNE / CNB Financial Corporation Director 90,802
US:ESSA / ESSA Bancorp, Inc. Director 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Robert C Jr Selig. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CCNEP / CNB Financial Corporation - Preferred Stock - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CCNEP / CNB Financial Corporation - Preferred Stock. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CCNEP / CNB Financial Corporation - Preferred Stock Insider Trades
Insider Sales CCNEP / CNB Financial Corporation - Preferred Stock - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CCNEP / CNB Financial Corporation - Preferred Stock. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CCNEP / CNB Financial Corporation - Preferred Stock Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Robert C Jr Selig as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-08-04 3 CCNE CNB FINANCIAL CORP/PA
Common Stock 		90,802
2025-07-24 2025-07-23 4 ESSA ESSA Bancorp, Inc.
Common Stock 		D - Sale to Issuer -106,239 0 -100.00
2024-10-23 2024-10-22 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,263 106,239 1.20
2023-10-25 2023-10-24 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,721 104,976 1.67
2023-09-07 2023-09-06 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 103,255 0.49 15.23 7,615 1,572,574
2023-09-07 2023-09-06 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 102,755 0.49 15.63 7,815 1,606,061
2023-08-25 2022-08-24 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 250 102,255 0.25 16.03 4,008 1,639,301
2023-08-25 2022-08-24 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 250 102,005 0.25 15.95 3,988 1,626,980
2023-08-25 2022-08-24 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 250 101,755 0.25 16.10 4,025 1,638,256
2023-08-23 2023-08-23 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 101,505 0.50 16.22 8,110 1,646,411
2023-08-23 2023-08-22 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 101,005 0.50 16.59 8,295 1,675,673
2023-08-23 2023-08-22 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 100,505 0.50 16.17 8,085 1,625,166
2023-08-23 2023-08-22 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 250 100,005 0.25 16.19 4,048 1,619,081
2023-08-22 2023-08-21 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 99,755 0.50 16.55 8,275 1,650,945
2023-08-22 2023-08-18 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 99,255 0.51 16.87 8,435 1,674,432
2023-08-22 2023-08-18 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 98,755 0.51 16.66 8,330 1,645,258
2023-08-18 2023-08-17 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 98,255 0.51 16.62 8,310 1,632,998
2023-08-18 2023-08-17 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 97,755 0.51 16.56 8,280 1,618,823
2023-08-18 2023-08-16 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 97,255 0.52 16.28 8,140 1,583,311
2023-08-16 2023-08-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 100 96,755 0.10 16.65 1,665 1,610,971
2023-08-16 2023-08-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 200 96,655 0.21 16.64 3,328 1,608,339
2023-08-16 2023-08-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 700 96,455 0.73 16.63 11,641 1,604,047
2023-08-16 2023-08-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 95,755 0.52 16.69 8,345 1,598,151
2023-08-16 2023-08-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 1,000 95,255 1.06 16.91 16,910 1,610,762
2022-12-02 2022-10-25 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,352 94,255 1.46
2021-11-02 2021-10-29 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 92,903 0.54 16.35 8,175 1,518,964
2021-11-02 2021-10-29 4 ESSA ESSA Bancorp, Inc.
Common Stock 		P - Purchase 500 92,403 0.54 16.30 8,150 1,506,169
2021-10-28 2021-10-26 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,249 91,903 1.38
2020-10-29 2020-10-27 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,520 90,654 1.71
2019-10-23 2019-10-22 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,000 89,134 1.13
2018-10-25 2018-10-23 4 ESSA ESSA Bancorp, Inc.
Common Stock 		A - Award 1,000 88,134 1.15
2017-02-17 2017-02-15 4 ESSA ESSA Bancorp, Inc.
Stock Options 		M - Exercise -9,127 0 -100.00
2017-02-17 2017-02-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		F - Taxes -6,894 87,134 -7.33 16.35 -112,717 1,424,641
2017-02-17 2017-02-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		M - Exercise 9,127 94,028 10.75 12.35 112,718 1,161,246
2016-12-08 2016-12-06 4 ESSA ESSA Bancorp, Inc.
Stock Options 		M - Exercise -10,000 9,127 -52.28
2016-12-08 2016-12-06 4 ESSA ESSA Bancorp, Inc.
Common Stock 		F - Taxes -7,544 84,901 -8.16 16.37 -123,495 1,389,829
2016-12-08 2016-12-06 4 ESSA ESSA Bancorp, Inc.
Common Stock 		M - Exercise 10,000 92,445 12.13 12.35 123,500 1,141,696
2016-11-21 2016-11-18 4 ESSA ESSA Bancorp, Inc.
Stock Options 		M - Exercise -10,000 19,127 -34.33
2016-11-21 2016-11-18 4 ESSA ESSA Bancorp, Inc.
Common Stock 		F - Taxes -8,356 82,445 -9.20 14.78 -123,502 1,218,537
2016-11-21 2016-11-18 4 ESSA ESSA Bancorp, Inc.
Common Stock 		M - Exercise 10,000 90,801 12.38 12.35 123,500 1,121,392
2016-11-17 2016-11-15 4 ESSA ESSA Bancorp, Inc.
Stock Options 		M - Exercise -15,000 29,127 -33.99
2016-11-17 2016-11-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		F - Taxes -12,767 80,801 -13.64 14.51 -185,249 1,172,423
2016-11-17 2016-11-15 4 ESSA ESSA Bancorp, Inc.
Common Stock 		M - Exercise 15,000 93,568 19.09 12.35 185,250 1,155,565
2016-07-21 2016-07-19 4 ESSA ESSA Bancorp, Inc.
Stock Options 		M - Exercise -10,000 44,127 -18.48
2016-07-21 2016-07-19 4 ESSA ESSA Bancorp, Inc.
Common Stock 		F - Taxes -8,809 78,568 -10.08 14.02 -123,502 1,101,523
2016-07-21 2016-07-19 4 ESSA ESSA Bancorp, Inc.
Common Stock 		M - Exercise 10,000 87,377 12.92 12.35 123,500 1,079,106
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)